Business
Efforts to promote wide-ranging South Indian investments in Sri Lanka
‘However, SL most famous among Indian tourists for only casinos and other entertainment forms’
By Hiran H.Senewiratne
Lankan authorities are looking at promoting in Sri Lanka, South Indian investments in sectors, such as, trade, tourism, education and South Indian culture. But currently Sri Lanka is only famous for casinos and other forms of entertainment among Indian tourists, Sri Lanka’s Deputy High Commissioner in Chennai Dr. D. Venkateshwaran said.
” We are now looking at promoting and attracting South Indian industrialists to Sri Lanka in different investment areas, including automobile accessories, pharmaceuticals, food and agricultural sectors, with the specific aim of using Sri Lanka as a value- addition centre, targeting also the use of the free trade agreements signed by Sri Lanka, Deputy High Commissioner Dr.D.Venkateshwaran told The Island Financial Review.
Venkateshwaran added: “Sri Lanka has signed free trade agreements with India, Pakistan and Singapore and is currently negotiating an FTA with the PRC. The FTAs with India and Pakistan cover only trade in goods. The agreements provide for duty-free entry as well as duty preferences for manufactured and agricultural goods.
“I am now negotiating and discussing with major South Indian industrialists to come and open up cement factories, electrical car manufacturing plants, sugar factories and mining plants in Sri Lanka.
“At present 14 flights are connected and we are planning to promote more budget airlines, especially to the Ratmalana airport, to attract more South Indian tourists and industrialists to Sri Lanka.
“Sri Lanka has enormous potential to promote itself as a major tourist destination among South Indian tourists because of the historical and cultural linkages. However, unfortunately, travel agents are taking them to only Kandy and Katharagama.
“My diplomatic jurisdiction covers states, such as, Tamil Nadu, Andhra Pradesh, Telangana, Kerala, Karnataka and Pondicherry, which consist of 300 million people. And those people’s buying power is very high with the rapid growth in the South Indian region, especially Chennai.
“Sri Lanka has a lot to offer South Indian tourists, especially the Ramayana trail, and Chilaw is one of the popular and important Ramayana-related places in Sri Lanka as it is home to the popular Munneswaram Temple and Manavari Temple. These two temples are the main Ramayana- related places which can be promoted as part of the Sri Lanka Ramayana Tour.
“India, being a highly technologically developed country, its agricultural and technological know-how can be transferred to Sri Lanka. At present I am in the process of discussing with South India’s largest agricultural organization for training Sri Lankan agricultural personnel and bringing quality seed to Sri Lanka to distribute among local farmers.
“A road show will be organized for South Indian investors to promote the Port City as well. I am planning to discuss with an Indian university to come and set up one of its campuses in Sri Lanka.” Sri Lankan Deputy High Commissioner said.
Business
Indo-Sri Lanka Chambers forge alliance to drive infrastructure and real estate investment
By Sanath Nanayakkare
In a major boost to bilateral economic ties, the Chamber of Construction Industry of Sri Lanka (CCISL) and the Indo–Sri Lanka Chamber of Commerce & Industry (ISCCI) have signed a strategic Memorandum of Understanding (MoU) to deepen cooperation in real estate, infrastructure, and urban development.
The agreement establishes a formal framework for both institutions to drive collaborative initiatives, including business delegations, high-level conferences, workshops, B2B matchmaking sessions, and technical site visits. Designed to bridge businesses, government institutions, and project stakeholders across the Palk Strait, the partnership aims to unlock new avenues for cross-border joint ventures and technology transfers.
A focal point of this newly minted partnership is the facilitation of an upcoming trade delegation from the National Real Estate Development Council (NAREDCO) of India. Comprising major Indian players in the real estate and infrastructure sectors, the visiting delegation will engage in targeted business meetings, workshops, and inspection tours of prominent construction projects in Sri Lanka.
Under the terms of the MoU, CCISL will serve as the principal host coordinator in Sri Lanka. In close consultation with ISCCI, the apex construction body will curate itineraries, identify viable projects for engagement, and facilitate high-level dialogues with key government agencies, regulatory bodies, and industry leaders.
With both nations prioritizing sustainable urban growth, modern construction technologies, and infrastructure expansion, industry leaders view the partnership as a timely catalyst for economic rejuvenation. The collaboration is anticipated to accelerate market access, knowledge exchange, and foreign direct investment into Sri Lanka’s burgeoning property and development sectors.
To ensure the success of the upcoming NAREDCO delegation, CCISL has issued an urgent appeal to statutory authorities and relevant project owners to come forward with viable investment proposals. Stakeholders holding projects seeking foreign investment or technical partnerships are invited to submit comprehensive details to the Secretary General and CEO of CCISL via email at secyces@gmail.com.
Both chambers emphasize that translating this foundational agreement into tangible partnerships and robust capital flows will significantly strengthen bilateral connectivity between the construction and real estate sectors of India and Sri Lanka.
Business
Hettich celebrates a decade in Sri Lanka with partner meet in Colombo
Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years of presence in the country with its inaugural Partner Meet in Colombo.
The landmark event brought together Hettich’s key partners, stakeholders and industry leaders to celebrate a decade of growth, collaboration and shared success, while reaffirming the company’s long-term commitment to the Sri Lankan market.
Over the past decade, Hettich has strengthened its presence in Sri Lanka through its focus on German engineering, innovation, quality and functionality, contributing to the creation of contemporary and intelligently designed living and working spaces across the country.
The gala evening was graced by a distinguished delegation of senior leaders, including Dr. Andreas Hettich, Chairman, Hettich Group Advisory Board; S. K. Poddar, Chairman, Hettich India & Adventz Group; Mr. Akshay Poddar, Director, Hettich India; Andre Eckholt, Managing Director, Hettich India, SAARC, Middle East & Africa; Rahul Thakkar, Director – Sales, Hettich India & SAARC; and Dinusha Bhaskaran, Managing Director, Vallibel One PLC.
Business
GS Evo Motors launches all-new JMEV EWIND
GS Evo Motors Limited, the authorized distributor of JMEV electric vehicles in Sri Lanka, has officially launched the JMEV EWIND, a next-generation compact electric SUV. The vehicle is designed to offer strong performance, intelligent technology, premium comfort, and high safety standards, marking another milestone in Sri Lanka’s growing electric mobility sector.
The EWIND features a sleek, aerodynamic exterior with penetrating LED daytime running lights, trapezoidal chain-inspired LED tail lamps, 19-inch alloy wheels, and a bold silhouette. Inside, it offers a spacious cabin with a panoramic moonroof and retractable curtain, an ultra-thin suspended instrument panel, a D-shaped multifunction steering wheel, multi-colour ambient lighting, premium finishes, and electrically adjustable front seats.
The SUV is available in single-motor front-wheel drive configurations, producing up to 108 kW and 210 Nm, with 0–100 km/h acceleration in 8.9 seconds.
-
Sports4 days agoDDS set to lose Test captaincy
-
News7 days agoThailand shuts door on undesirables from Sri Lanka
-
News4 days agoSri Lanka faces new grid challenge as rooftop solar surges: former CEB GM
-
Latest News4 days agoShafali, Deepti power India into sixth T20 Asia Cup final
-
Business7 days agoCEB successor company breaks into top three in competitive BESS tender
-
Opinion6 days agoNavigating Sri Lanka’s Israeli Dilemma
-
Latest News3 days agoSri Lanka thwart Fatima Sana challenge to secure Asia Cup final spot
-
Features5 days agoLost for 90 years: Rare Goby resurfaces in Jaffna
